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Big Real Estate Investors Buy a Bushwick Building Where Anti-Gentrification Councilman Espinal Works

Cycamore Capital, an investment firm specializing in value-add real estate, has bought a property on Knickerbocker Avenue where New York City Councilman Rafael Espinal has his office.

Big Real Estate Investors Buy a Bushwick Building Where Anti-Gentrification Councilman Espinal Works

Big Real Estate Investors Buy a Bushwick Building Where Anti-Gentrification Councilman Espinal Works

Cycamore Capital, an investment firm specializing in value-add real estate, has bought a property on Knickerbocker Avenue where New York City Councilman Rafael Espinal has his office.

Big Real Estate Investors Buy a Bushwick Building Where Anti-Gentrification Councilman Espinal Works
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Councilman Rafael Espinal and his staff at the Bushwick office will be getting a new landlord.

In an ironic twist of fate, an investment firm specializing in value-add real estate purchased the building where Espinal works, meaning that the anti-gentrification councilman will have to coexist with potential gentrifiers of Bushwick.

Cycamore Capital got a shoe in the neighborhood after purchasing its first property there at 786 Knickerbocker Ave. for $1.15 million. The space contains a residential apartment and a duplex commercial area on the ground floor which Espinal’s office currently occupies.

“The market around the Halsey L train station, particularly around Irving Square Park , continues to be very attractive to investors, which brought a lot…

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